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Fintech
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January 14, 2026
FTC Says Payments Co. Should Pay $53M For Violating Deal
The Federal Trade Commission has asked a Nevada federal judge to order a payment processor and two of its executives to pay over $52.9 million for consumer relief after allegedly violating terms of its 2015 settlement of the regulator's claims it willfully facilitated payments for bad actors.
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January 14, 2026
SEC To Lean On Congress As Defense In High Court Case
The U.S. Supreme Court is once again stepping into the debate over when the U.S. Securities and Exchange Commission can demand that alleged fraudsters give up ill-gotten gains, but this time the agency plans to argue a 2021 government spending bill should save it from further limits to its disgorgement powers.
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January 14, 2026
Senate Banking Committee Postpones Crypto Bill Markup
The Senate Banking Committee on Wednesday night postponed a highly anticipated mark-up of a bill to regulate the cryptocurrency industry, hours after Coinbase CEO Brian Armstrong voiced his opposition to the latest draft, saying his firm would "rather have no bill than a bad bill."
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January 14, 2026
Miami Man Admits To $250K Zelle Scam In Connecticut
A Florida man has pled guilty to a conspiracy charge in Connecticut federal court over his role in scams that ripped off victims including Zelle users for more than $250,000, prosecutors said Wednesday.
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January 14, 2026
Lowenstein Sandler Guides Alpaca's $150M Series D
Alpaca, a brokerage technology company, announced Wednesday that it had raised $150 million in a Series D round that valued the company at $1.2 billion in a deal steered by Lowenstein Sandler LLP.
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January 14, 2026
MoFo Taps Ex-FTX GC, Associate Counsel As Fintech Partners
The former top lawyer and another former in-house counsel at imploded cryptocurrency exchange FTX have joined Morrison Foerster LLP as partners in its financial services and fintech industry groups, the firm announced on Wednesday.
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January 14, 2026
Venable Hires Financial Services Lawyer In DC
Venable LLP has announced the addition of a former managing U.S. regulatory counsel from Taptap Send, a financial services company that helps immigrants send money to their friends and families abroad, who joins the team as a counsel in Washington, D.C.
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January 14, 2026
Alternative Asset 401(k) Investing Rule Sent To OMB
The White House Office of Management and Budget is reviewing a proposed rule from the U.S. Department of Labor's employee benefits arm related to fiduciary duties involved with alternative asset investing in 401(k)s, marking the last hurdle before the regulations' release for public comment.
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January 14, 2026
Crypto Network Cofounder Sued In Del. Over Looting Claims
A shareholder and cofounder of cryptocurrency-associated cloud business Cerebellum Networks has sued another cofounder and associates in Delaware's Court of Chancery, claiming systematic diversion of some $58 million in "Cere" token assets through an alleged looting of corporate wallets via secret token dumps and other schemes.
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January 13, 2026
Sen. Crypto Bill Tees Up DeFi, Stablecoin Yield For Key Hearing
The Senate Banking Committee's latest proposal to regulate crypto markets takes on issues like decentralized finance, stablecoin interest and customer protections not addressed in previous versions, but experts said the text is far from final and much is to be hammered out at a key hearing this week.
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January 13, 2026
Credit-Card Fight Heats Up As Trump Backs Swipe Fee Bill
Bankers moved swiftly Tuesday to push back on President Donald Trump's late-night endorsement of legislation that he said will stop "out of control" credit-card swipe fees, his latest broadside against the credit card industry that has lenders on the defensive over costs.
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January 13, 2026
Old Glory Bank Plans Nasdaq Debut With SPAC Deal
Old Glory Bank, a crypto-friendly lender led by several allies of President Donald Trump and former administration officials, announced Tuesday that it plans to merge with special purpose acquisition company Digital Asset Acquisition Corp. to create a Texas-based corporation named OGB Financial Co.
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January 13, 2026
KuCoin, Chainalysis Beat RICO Suit Over Hack Proceeds
The cryptocurrency exchange KuCoin and its blockchain analysis contractor no longer face proposed class action claims they turned a blind eye to money laundering on the platform, though a Manhattan federal judge found one of the alleged hack victims could revise certain claims against KuCoin.
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January 13, 2026
State Street Owes NC Investor $650K In Crypto Refund Suit
A North Carolina federal judge ruled that investment management firm State Street Global Advisors wrongfully withheld $650,000 from an investor who transferred cryptocurrency to a digital wallet, awarding him damages for his unjust enrichment and conversion claims, but not fees for his attorneys.
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January 13, 2026
Tenn. Gaming Regulator's Kalshi Action Blocked For Now
A Tennessee federal judge agreed to temporarily block state gaming regulators from taking enforcement action against Kalshi for its sports event contracts, adding another court ruling to a split pile of cases over the company's sports wagers nationwide.
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January 13, 2026
Thompson Hine Lands Jones Day Finance Deals Pro In Atlanta
Thompson Hine LLP has brought on a Jones Day counsel to its Atlanta office, strengthening its commercial and public finance practice with an experienced commercial finance transactional lawyer.
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January 13, 2026
Sen. Warren Questions SEC On Crypto In 401(k) Plans
Sen. Elizabeth Warren sent a letter to the U.S. Securities and Exchange Commission in advance of a banking committee vote on cryptocurrency market structure legislation, asking how the agency will protect investors as the administration also pushes to broaden access to cryptocurrency in 401(k) retirement plans.
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January 13, 2026
Wilson Sonsini Guides Polygon Labs On $250M Crypto Deals
Wilson Sonsini Goodrich & Rosati PC-advised Polygon Labs said Tuesday it has agreed to acquire crypto payments company Coinme and crypto infrastructure provider Sequence for more than $250 million, as it seeks to build a regulated stablecoin payments platform in the U.S.
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January 12, 2026
4 Ways DOJ Probe Into Powell Could Be Risky For Trump
The criminal probe that President Donald Trump's U.S. Department of Justice has opened into Federal Reserve Chair Jerome Powell dramatically escalates administration pressure on the central bank, but it is not without significant potential risks for the White House.
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January 12, 2026
5th Circ. Won't Revive TMX's Texas Challenge To $52M Pa. Fine
An affiliate of consumer lender TMX Finance can't use Texas federal courts to challenge the enforcement of Pennsylvania's consumer lending interest rate cap by the Keystone State's financial regulator, the Fifth Circuit has determined.
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January 12, 2026
CFPB, DOJ Revoke Lender Guidance On Anti-Immigrant Bias
The Trump administration is withdrawing Biden-era guidance from the Consumer Financial Protection Bureau and U.S. Department of Justice that cautioned lenders about refusing to provide credit to immigrant borrowers, saying it believes the withdrawal clarifies that lenders may legally consider immigration status under several circumstances.
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January 12, 2026
CFTC Chair Taps Kalshi, Polymarket CEOs To Advisory Panel
The new chair of the U.S. Commodity Futures Trading Commission on Monday said he plans to nominate leaders of prediction market platforms including Polymarket to serve as charter members of a new advisory committee, a day after congressional Democrats pressed him to respond to manipulation threats in the event contract markets.
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January 12, 2026
Crypto Custody Startup Bitgo Launches Plans For $189M IPO
BitGo is looking to raise roughly $189 million in an upcoming public offering steered by Fenwick & West LLP, the cryptocurrency custodian said Monday.
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January 12, 2026
Senate Ag Panel Punts Crypto Markup As Banking Pushes On
Senate Agriculture Committee Chairman John Boozman, R-Ark., said Monday that he's delaying a markup on a forthcoming crypto market structure proposal to the end of the month to accommodate further bipartisan negotiations, while the Senate Banking Committee said it still intends to hold its own markup.
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January 12, 2026
PayPal Looks To Nix Merchant Rules Case For 3rd Time
PayPal is seeking to escape the latest version of a proposed class action accusing it of illegally boosting online retail prices with restrictive merchant agreements, saying the consumers do not address deficiencies identified by the court in two previous dismissals.
Expert Analysis
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Series
Law School's Missed Lessons: Practical Problem Solving
Issue-spotting skills are well honed in law school, but practicing attorneys must also identify clients’ problems and true goals, and then be able to provide solutions, says Mary Kate Hogan at Quarles & Brady.
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Crypto In 2025: From Federal Deregulation To State Action
The cryptocurrency enforcement landscape evolved in 2025, marked by federal deregulatory trends and active state attorney general enforcement, creating both opportunity and risk for businesses navigating the digital asset market, say attorneys at Cozen O'Connor.
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How CFTC Enforcement Shifted In 2025 And What's Next
The U.S. Commodity Futures Trading Commission pivoted sharply under acting Chairman Caroline Pham in 2025, resulting in a pared-back enforcement docket, sweeping policy changes intended to provide greater transparency, and a renewed focus on fraud prevention and maintaining market integrity for the CFTC's core markets, say attorneys at Moore & Van Allen.
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Opinion
A Uniform Federal Rule Would Curb Gen AI Missteps In Court
To address the patchwork of courts’ standing orders on generative artificial intelligence, curbing abuses and relieving the burden on judges, the federal judiciary should consider amending its civil procedure rules to require litigants to certify they’ve reviewed legal filings for accuracy, say attorneys at Shook Hardy.
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10th Circ. Dissent May Light Path For Master Account Access
While the Tenth Circuit's majority in Custodia Bank v. Federal Reserve Board recently affirmed Federal Reserve banks' control over master account access, the dissent raised constitutional questions that could support banks seeking master accounts in future litigation, say attorneys at Paul Hastings.
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Series
The Law Firm Merger Diaries: Integrating Practice Groups
Enacting unified leadership and consistent client service standards ensures law firm practice groups connect and collaborate around shared goals, turning a law firm merger into a platform for growth rather than a period of disruption, says Brian Catlett at Fennemore Craig.
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The Tricky Issues Underscoring Prediction Market Regulation
Prediction markets are not merely testing the boundaries of commodities law — they are challenging the conventional divisions between gambling regulation and financial market oversight, and in doing so, may reshape both, says Braeden Anderson at Gesmer Updegrove.
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Opinion
Supreme Court Term Limits Would Carry Hidden Risk
While proposals for limiting the terms of U.S. Supreme Court justices are popular, a steady stream of relatively young, highly marketable ex-justices with unique knowledge and influence entering the marketplace of law and politics could create new problems, say Michael Broyde at Emory University and Hayden Hall at the U.S. Bankruptcy Court for the District of Delaware.
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The SEC Whistleblower Program A Year Into 2nd Trump Admin
The U.S. Securities and Exchange Commission's whistleblower program continues to operate as designed, but its internal cadence, scrutiny of claims and operational structure reflect a period of recalibration, with precision mattering more than ever, say attorneys Scott Silver and David Chase.
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Key Crypto Class Action Trends And Rulings In 2025
As the law continued to take shape in the growing area of crypto-assets, this year saw a jump in crypto class action litigation, including noteworthy decisions on motions to compel arbitration and class certification, according to Justin Donoho at Duane Morris.
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How New SEC Policies Shift Shareholder Proposal Landscape
U.S. Securities and Exchange Commission Chairman Paul Atkins' recent remarks provide a road map for public companies to exclude nonbinding shareholder proposals from proxy materials, which would disrupt the mechanism that has traditionally defined how shareholders and companies engage on governance matters, say attorneys at Gunderson.
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Series
Knitting Makes Me A Better Lawyer
Stretching my skills as a knitter makes me a better antitrust attorney by challenging me to recalibrate after wrong turns, not rush outcomes, and trust that I can teach myself the skills to tackle new and difficult projects — even when I don’t have a pattern to work from, says Kara Kuritz at V&E.
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Series
The Biz Court Digest: Welcome To Miami
After nearly 20 years in operation, the Miami Complex Business Litigation Division is a pioneer upon which other jurisdictions in the state have been modeled, adopting many innovations to keep its cases running more efficiently and staffing experienced judges who are accustomed to hearing business disputes, say attorneys at King & Spalding.
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Recent Proposals May Spell Supervision Overhaul For Banks
A slew of rules recently proposed by the federal banking agencies with approaching comment deadlines would rewrite supervision standards to be further tailored to banks' size and activities, while prioritizing financial risks over process, documentation and other nonfinancial risks, say attorneys at Davis Wright.
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AI Evidence Rule Tweaks Encourage Judicial Guardrails
Recent additions to a committee note on proposed Rule of Evidence 707 — governing evidence generated by artificial intelligence — seek to mitigate potential dangers that may arise once machine outputs are introduced at trial, encouraging judges to perform critical gatekeeping functions, say attorneys at Lankler Siffert & Wohl.